Podcast: Hard landing & outlook for property prices 2024
I sat down with my business partner, friend and Managing Director of Wealthi Dom Nesci last week to discuss the current global investment outlook and how we see the residential property market outlook in 2024.
One of the things I’m now almost certain is that central banks want to cause a crisis, something that they can manage, but equally a crisis that will tame inflation and help stop the runaway price escalation cycle.
They are raising rates knowing that something will break in the near term, but that’s the lesser of two evils.
We also discussed some bigger picture themes, like the fact that the US government is now technically broke (as previously written) and the debt ceiling extension does nothing to address the worsening fiscal situation in America.
Finally, we touch on some bigger picture investment themes like India, Crypto and Saudi Arabia which will continue to emerge in the background throughout 2024.
Special thanks to Dom for hosting me on this episode, if you haven’t already, I suggest you check out his website and purchase his real estate investment book from there.
It's a great guide for new investors looking to start a real estate investment portfolio.
PS: This podcast is also available in audio on Spotify, Apple, Google and all other podcast apps.
Peter Esho is an economist and Founder of Esho Group. He has 20 years of experience in investments and markets.